The Stars Group Inc has announced the offering by Stars Group Holdings BV and Stars Group (US) Co-Borrower, LLC, its indirect wholly-owned subsidiaries, of $750m aggregate principal amount of unsecured senior notes due 2026.
The group intends to use the net proceeds from the offering, together with the company’s previously announced equity offering, bank financing and cash-on-hand to fund the previously announced acquisition of Sky Betting & Gaming.
The notes will be offered and sold in the United States only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended, and outside the United States in reliance on Regulation S under the Securities Act.
The offer and sale of the notes will not be registered under the Securities Act and the notes may not be offered or sold in the United States or to US persons absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
